Brightcove (NASDAQ:BCOV) presents a good, long-term investment opportunity given the exposure to the rising trends in video content marketing. In a nutshell, the company builds a cloud video publishing and distributing system built for media companies and enterprises. The company has competitive products, having consistently been investing in R&D to increase the breadth and depth of its video platform. Revenue has tripled over the last eight years, though growth has slowed down and dropped to high single digits in recent times.
However, towards the end of 2019, things seemed to turn in Brightcove's favor as it posted its first double-digit annual revenue growth in over four years. In light of the solid Q1 2020 results, we continue to believe that the stock will benefit from the growing trends of video consumption and also the investments in its products in the long run.
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